[siwatanejo]

AFAIU the token is only needed in case you want to participate in the voting of governance events, related to the roadmap of the ENS project. You don't need ENS tokens to register or use ENS domains.

IMO the token might be an illegal security indeed; and if that's the case I hope the SEC crushes them. But in the meantime I'll be using ENS names happily as a user and watch the events with popcorn.

> but I don't see how crypto domain names are any different or changes anything.

It will prevent that a big corp with the court on their side redirect your domain-bought-in-a-complete-legit way to them.

[martin8412]

"It will prevent that a big corp with the court on their side redirect your domain-bought-in-a-complete-legit way to them."

No, it will absolutely not. It does not matter what method of accounting or voting you use, you will be made to comply with a court order. If you don't comply, you're going to prison.

[siwatanejo]

If the domain is bought anonymously, the court cannot notify the buyer; not to mention jurisdiction issues. Also, courts cannot reverse blockchain transactions.

[DennisP]

Sometime I'd like to see a court rule on the SEC's theory that a token airdropped to people who made no actual financial investment nevertheless passes the "investment of money" clause of the Howey test.